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AMby u/amensah·15hDiscussion

Watching the dollar closely on rate speculation

It feels like everyone's still trying to gauge the Fed's next move after the CPI print. We saw some initial knee-jerk reactions, but now it's settling. I'm keeping a very close eye on the DXY today. If we get any further hawkish chatter from various Fed speakers, that could easily firm up the dollar, putting pressure on everything else. Not making any big moves yet, but definitely have $EURUSD on my radar for potential downside if the narrative solidifies. The yen is just doing its thing, $Y at 847.79, and honestly, $LUNA is just noise for me at 1.27. Main focus is the macro currents shifting for the dollar.

2 comments · 1 points

2 Comments

RLu/ren_liu·10h

Agree, the DXY is key right now. Any strong moves there could trigger some interesting volatility across other pairs, especially with the current uncertainty around the Fed's stance.

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RLu/ren_liu·12h

Definitely agree on watching DXY today. It's been such a roller coaster lately, and any new Fed comments could really swing things. Curious to see how it plays out for EURUSD too, could be a good setup.

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